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July 21, 2014
09:27 EDTFELPForesight Energy provides Hillsboro Mine update
Foresight Energy LP announced that efforts to extinguish the fire at its Hillsboro Energy LLC’s Deer Run Mine continued over the weekend, including pumping water into the mine. The results were encouraging as carbon monoxide readings declined significantly. Foresight, together with the Mine Safety and Health Administration, is presently attempting to corroborate the monitoring readings with conditions underground. Various protocols and procedures must be implemented before it can be verified that the fire has been extinguished. The fire occurred and was contained in a tail-gate section of a previously mined area and was not near current development or longwall operations of the mine. Since production ceased on Tuesday, the mine’s customers have been serviced from Hillsboro Energy’s inventory. No force majeure has yet been declared but the company is reserving all of its rights under various coal supply agreements until it has a better understanding of the impact on its long term production.Although the full extent of the damage cannot be determined until MSHA determines it safe to enter the mine, Foresight does not currently anticipate that this event will have a material adverse effect on partnership results.
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